Metrika Raises $4M in Extension Funding

Metrika, a Cambridge, MA-based provider of a blockchain operational intelligence and risk management platform, raised $4M in Extension funding.

The round, which brought total amount raised to date to $22M, was led by M12, and existing investor Nyca Partners.

The company intends to use the funds to meet the increasing demand for its platform from protocol teams and communities, as well as expand across financial institutions and regulatory agencies.

Founded in 2019 and led by Nikos Andrikogiannopoulos, Metrika offers a blockchain operational intelligence and risk management platform to enable protocol teams, foundations, financial institutions, and regulators collaborate effectively to accelerate the adoption of digital assets worldwide.

The company has recently released several new features for the Ethereum network, including metrics, dashboards, and alerts, in partnership with the Ethereum Foundation and Lido. These new features provide essential insights on critical topics such as Maximal Extractable Value (MEV), OFAC compliance for MEV Relays, and protocol upgrades, including Withdrawals, which will be enabled for the Ethereum network scheduled for the end of March. This level of visibility can be utilized by blockchain communities, financial institutions, and regulators to continuously monitor the stability and assess the protocol risks of blockchain networks that support new financial products and services.

Leading blockchain projects and their user communities such as Ethereum, Solana, Algorand, Hedera, Dapper Labs (creators of Flow and NBA Top Shot) and LACChain (with the Inter-American Development Bank) currently benefit from Metrika’s tools and services. Metrika has also expanded into the interoperability space with the addition of monitoring & alerts for the Axelar network.